Gofen & Glossberg LLC IL lowered its holdings in Comcast Corporation (NASDAQ:CMCSA) by 0.5% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,270,953 shares of the cable giant’s stock after selling 7,002 shares during the period. Comcast makes up 1.9% of Gofen & Glossberg LLC IL’s portfolio, making the stock its 9th biggest position. Gofen & Glossberg LLC IL’s holdings in Comcast were worth $49,465,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Strategic Wealth Advisors Group LLC purchased a new stake in shares of Comcast during the second quarter worth $1,251,000. Colony Group LLC raised its holdings in shares of Comcast by 88.9% during the second quarter. Colony Group LLC now owns 142,158 shares of the cable giant’s stock worth $5,533,000 after acquiring an additional 66,903 shares in the last quarter. Keel Point LLC raised its holdings in shares of Comcast by 9.0% during the second quarter. Keel Point LLC now owns 8,408 shares of the cable giant’s stock worth $327,000 after acquiring an additional 694 shares in the last quarter. Verition Fund Management LLC purchased a new stake in shares of Comcast during the second quarter worth $1,913,000. Finally, Sunbelt Securities Inc. raised its holdings in shares of Comcast by 7.0% during the second quarter. Sunbelt Securities Inc. now owns 9,523 shares of the cable giant’s stock worth $371,000 after acquiring an additional 626 shares in the last quarter. Institutional investors own 82.50% of the company’s stock.

In related news, EVP Arthur R. Block sold 4,091 shares of Comcast stock in a transaction dated Thursday, September 28th. The stock was sold at an average price of $38.36, for a total transaction of $156,930.76. Following the sale, the executive vice president now directly owns 68,478 shares of the company’s stock, valued at $2,626,816.08. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Kenneth J. Bacon sold 2,232 shares of Comcast stock in a transaction dated Friday, September 15th. The stock was sold at an average price of $37.27, for a total value of $83,186.64. Following the sale, the director now directly owns 24,580 shares in the company, valued at $916,096.60. The disclosure for this sale can be found here. Company insiders own 1.28% of the company’s stock.

CMCSA has been the topic of several recent research reports. UBS restated an “overweight” rating on shares of Comcast in a report on Thursday, August 24th. Robert W. Baird restated a “buy” rating and set a $43.00 target price on shares of Comcast in a report on Friday, September 1st. ValuEngine lowered Comcast from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Moffett Nathanson upgraded Comcast from a “neutral” rating to a “buy” rating and set a $45.00 target price on the stock in a report on Tuesday, September 12th. They noted that the move was a valuation call. Finally, KeyCorp restated a “neutral” rating on shares of Comcast in a report on Sunday, September 17th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and twenty-seven have assigned a buy rating to the company’s stock. Comcast presently has a consensus rating of “Buy” and a consensus price target of $45.72.

Shares of Comcast Corporation (CMCSA) opened at $39.51 on Wednesday. The stock has a market capitalization of $179,659.75, a PE ratio of 19.08, a PEG ratio of 1.84 and a beta of 1.01. Comcast Corporation has a 1 year low of $34.12 and a 1 year high of $42.18. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.74 and a quick ratio of 0.74.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings results on Thursday, October 26th. The cable giant reported $0.52 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.49 by $0.03. The company had revenue of $20.98 billion for the quarter, compared to the consensus estimate of $21.05 billion. Comcast had a return on equity of 17.17% and a net margin of 11.99%. The firm’s revenue was down 1.6% compared to the same quarter last year. During the same period last year, the business posted $0.92 earnings per share. sell-side analysts predict that Comcast Corporation will post 2.06 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 24th. Stockholders of record on Wednesday, January 3rd will be given a $0.157 dividend. This represents a $0.63 annualized dividend and a dividend yield of 1.59%. The ex-dividend date is Tuesday, January 2nd. Comcast’s dividend payout ratio is currently 30.36%.

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Comcast Company Profile

Comcast Corporation is a media and technology company. The Company has two primary businesses: Comcast Cable and NBCUniversal. Its Comcast Cable business operates in the Cable Communications segment. Its NBCUniversal business operates in four business segments: Cable Networks, Broadcast Television, Filmed Entertainment and Theme Parks.

Institutional Ownership by Quarter for Comcast (NASDAQ:CMCSA)

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